AE Wealth Management LLC Has $8.06 Million Holdings in Cincinnati Financial Corporation $CINF

AE Wealth Management LLC grew its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 1,102.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 50,997 shares of the insurance provider’s stock after acquiring an additional 46,757 shares during the period. AE Wealth Management LLC’s holdings in Cincinnati Financial were worth $8,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. LRI Investments LLC acquired a new position in shares of Cincinnati Financial in the third quarter valued at $29,000. AlphaQuest LLC boosted its holdings in shares of Cincinnati Financial by 714.3% during the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after buying an additional 200 shares during the period. Quent Capital LLC acquired a new position in Cincinnati Financial in the 3rd quarter valued at about $34,000. Field & Main Bank bought a new position in Cincinnati Financial in the 3rd quarter valued at about $47,000. Finally, SJS Investment Consulting Inc. lifted its position in Cincinnati Financial by 2,538.5% during the third quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 330 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on CINF shares. Wall Street Zen raised Cincinnati Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Roth Mkm reaffirmed a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a report on Tuesday, October 28th. Piper Sandler boosted their price target on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.33.

Cincinnati Financial Trading Up 1.7%

Shares of CINF stock opened at $160.89 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $169.86. The company has a market cap of $25.10 billion, a PE ratio of 11.97, a P/E/G ratio of 3.57 and a beta of 0.66. The stock’s fifty day moving average price is $163.58 and its two-hundred day moving average price is $158.24.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.48 annualized dividend and a yield of 2.2%. Cincinnati Financial’s payout ratio is presently 25.89%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.